Listing Description

New Loft Style Apartments in an Old Gizella Mill Building For Sale

Located close to River Danube, a main Budapest transport hub, many new office developments and Semmelweis University this old former Mill has been transformed in to over 80 loft style apartments.

Only 3 lofts are still available as the development sold out very fast.

Floor

Flat no.

Orientation

Flat Size

Balcony size

Sellable size of the balcony

Sellable area

Flat price HUF

4th

115

S

235.00

26.00

13.00

248.00

132,000,000

5th

132

N

107.00

15.00

7.50

114.50

63,000,000

7th

139

N, S

79.00

12.00

6.00

85.00

72,500,000

Garage spaces are available in the underground car park at an additional cost.

Built in 1880 Gizella Mill was one of the last 3 steam mills of the 19 larger steam mills in Budapest. Like most mills in Budapest, it was producing wheat flour, semolina and wheat bran. Around 1896 almost 400 people were employed there. With the dangers of mills and power fires and explosions, Gizella Mill burnt down in 1921 but was rebuilt a few months later.

During World War II most mills in Budapest were seriously damaged or burned out, but miraculously Gizella Mill was left unharmed. After nationalisation in 1948 it operated as a state-owned company until 1963, when the Soroksári Road was rebuilt and the mill lost its rail connection. In the following decades the main building was used as a warehouse, continuously degrading, until recent years when it was converted to residential apartments.